Khazanah raises RM312mil from TM share placement


File photo - Bloomberg News

KUALA LUMPUR: Khazanah Nasional Bhd has completed a placement of 53.8 million shares in Telekom Malaysia Bhd (TM) at RM5.80 per share, raising gross proceeds of RM312mil.

In a statement, Khazanah said the placement price represented a 3% discount to the closing market price of RM5.98 on April 14.

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Khazanah , Telekom Malaysia , placement

   

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